Gas discovery by Myanmar E&P company

MPRL E&P announced on January 4 that gas was found in Shwe Yee Htun-1 exploration well. 

It operates the block with a 2O per cent interest with Woodside Energy (Myanmar) Pte Ltd as joint operator with respect to other operations including drilling and Total E&P Myanmar each holding 40 per cent interests.

Chief Executive Officer U Moe Myint declared: "l am very pleased and proud that MPRL E&P as a company with limited resources under a difficult business environment succeeded first to unravel a new petroleum play in a frontier basin... MPRL E&P is now looking forward to further evaluating this discovery with the help of Woodside and Total, with the aim to prove.commerciality of the discovery for the

mutual benefit of all stakeholders, including first and foremost the people of Myanmar."

The well reached a total depth of 17,408 feet (5,306 meters) below rotary table in some 6,670 ft (2,030 m) of water. The well has intersected a gross gas column of approximately 12g m and about 15 m of net gas pay within the primary target interval, as confirmed

through pressure measurements and gas sampling. Evaluation of the data is still ongoing.

This exploration well was spudded on November 27, 2015.

Woodside took part in the block in 2013, while Total joined in October 2015.